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Released June 24, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Developers of the Saddlehorn pipeline system to move crude oil from Colorado's Denver-Julesburg (DJ) Basin will push ahead with a 50-mile extension in the Centennial State.
Industrial Info is tracking five Saddlehorn projects with a total investment value of $800 million.
The 16-inch-diameter extension from Platteville to Carr, Colorado, will provide local shippers with more access to the system, according to Saddlehorn Pipeline Company, a joint venture that was formed to construct, own and operate the 600-mile pipeline from Platteville to storage facilities in Cushing, Oklahoma. Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma), Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) and a subsidiary of Anadarko Petroleum Corporation (NYSE:APC) (Houston) make up the joint venture.
The 20-inch pipeline from Platteville to Cushing will start with a capacity of 200,000 barrels per day (BBL/d) and will eventually be able to move 400,000 BBL/d, according to its developers. Construction would kick off in third-quarter 2015, with completion in second-quarter 2016.
For related information, see May 6, 2015, article - Magellan Midstream Boosts 2015 Growth Capex, Sees Drop in Quarterly Profit and June 10, 2015, article - Rocky Mountains Regions Readies for Almost $7 Billion in Project Kickoffs in Third-Quarter 2015.
The Carr extension is estimated to cost between $80 million and $100 million, according to a press statement by Saddlehorn Pipeline Company.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Industrial Info is tracking five Saddlehorn projects with a total investment value of $800 million.
The 16-inch-diameter extension from Platteville to Carr, Colorado, will provide local shippers with more access to the system, according to Saddlehorn Pipeline Company, a joint venture that was formed to construct, own and operate the 600-mile pipeline from Platteville to storage facilities in Cushing, Oklahoma. Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma), Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) and a subsidiary of Anadarko Petroleum Corporation (NYSE:APC) (Houston) make up the joint venture.
The 20-inch pipeline from Platteville to Cushing will start with a capacity of 200,000 barrels per day (BBL/d) and will eventually be able to move 400,000 BBL/d, according to its developers. Construction would kick off in third-quarter 2015, with completion in second-quarter 2016.
For related information, see May 6, 2015, article - Magellan Midstream Boosts 2015 Growth Capex, Sees Drop in Quarterly Profit and June 10, 2015, article - Rocky Mountains Regions Readies for Almost $7 Billion in Project Kickoffs in Third-Quarter 2015.
The Carr extension is estimated to cost between $80 million and $100 million, according to a press statement by Saddlehorn Pipeline Company.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
